Rick Woods Insurance
Contact us:   1053 21st St. Lewiston, ID 83501    ~    Phone: 208-746-7046   or   Fax: 208-746-7154    ~    Email

Health Savings Account ... Tax-free medical-funds!
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    • Rick Woods Insurance
    What is an HSA? "HSA" stands for Health Savings Account. HSAs allow consumers to pay for qualified medical expenses with pre-tax dollars—meaning income-tax free—and save for retirement on a tax-deferred basis.

    Why should I consider an HSA? You may save money in the short and long term by:
  • Deducting 100% of your HSA contributions from your taxable income
  • Having the money in your HSA accrue interest and/or gains on a tax-free basis
  • Paying no penalties or taxes when you use your HSA to pay for qualified medical expenses
  • Having a high-deductible HSA-compatible health insurance plan, which typically has a lower premium than a plan with a lower deductible
    Note: Some HSAs charge a small monthly maintenance fee.

    How do I get started? Contact us today. We will examine your situation and your needs, determining if an HSA is right for you. We will design a perfect insurance fit for you, drawing from our experience and our resources.

  • Glossary of Health Insurance Terms
    • Dave Ramsey recommends Rick Woods for your health insurance needs! Regence BlueShield of Idaho is an Independent Licensee of the Blue Cross and Blue Shield Association. Blue Cross of Idaho is an Independent Licensee of the Blue Cross and Blue Shield Association. PacificSource Health Plans Asuris Northwest Health
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